$499,900
( $205.47Per Sq Foot )
 $2,684 est/mo Sourced by Back At You

5529-31 Lansdowne Ave , Philadelphia, PA 19131

Philadelphia, PA 19131

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Description

RARE OPPORTUNITY to own this very unique & LARGE Mixed-Use CORNER Laundromat with 1 spacious Apartment Unit at the rear of the property in the heart of Carroll Park (West Philadelphia)! This property has been newly built in 2008 & fully renovated in 2010! 5529-31 Lansdowne Avenue ($799,900) (Tax ID# 882933280) MUST BE PURCHASED together with 5533-5535 Lansdowne Avenue large empty lots ($99,900) (Tax ID# 885020580). This spacious Laundromat is setup as a Coin Laundromat Business that consists of all stainless steel appliances (34 Dryers & 26 Washers). Take advantage of this rare opportunity before it's gone! Laundromat space has tile floors throughout with ceiling fans. Plenty of natural lights shining T/O entire Laundromat to help you save on energy bills! There is a small office area towards the back of the Laundromat. To the right of the small office is a half bathroom. This Laundromat generates averagely of about $7,000/month on the coin machines alone. Business also sells laundry detergents, softeners, laundry foldable trolley carts, etc., which these inventories are EXCLUDED from the Sale. Laundromat business opens from 7:30AM to 7:30PM, all 7 days a week. In addition, there’s an Apartment Unit at the rear of the building. This apartment unit is very spacious & consists of 1 good-size Bedroom, 1 Full Bathroom & Updated Kitchen! It has nice tile floors all throughout! Full Bathroom consists of tile floors & walls, sink, toilet, and stand-up shower with glass door! Kitchen has updated granite counter-top, plenty of wood cabinets, and kitchen appliances (Stove/Range & Range Hood). There are 2 utility rooms at the rear of the property. Behind the apartment’s kitchen is a fenced in driveway that can fit up to 2 cars. The separate LARGE Empty Lot next door to this property can fit up to about 8-10 cars, which is also fenced up. ALL Major appliances (Hot Water Heater, Commercial-Grade Hot Water Heater, Central Heater System) & Rubber Roof are installed between 2008-2010 when this building was being constructed. There are also video surveillance cameras from outside the property! Start off your new home, business or investment with this very low maintenance property! Buyer is responsible to reach out to the City for any zoning questions or use variance. IF renting out the Apartment Unit, 1 Bedroom Apartment rents can be projected to bring in around $1,050-$1,250/mo. in the area for rent! That is potentially another $12,600-$15,000 gross income that this mixed-use commercial can generate in addition to the Laundromat business. Below are some of the Business Expenses: Water ($582/mo.), Electric ($280/mo.), Gas ($586/mo.), Trash ($500/year), Sewer ($36/mo.), Comcast Cable Internet ($96/mo.); Property & Liability Insurance ($7,000/year), Property Tax ($1,909/year) . Run the existing Laundromat business & generate instant cash flows OR open up your own business! So your investment possibilities are endless w/ this very large CORNER Commercial Property! Possible Redevelopment Opportunity for the lots next door! Property is being sold strictly in AS-IS, WHERE-IS condition! Buyer is responsible for any & all repairs (if needed). Septa bus / trolley stops & public transportation are easily accessible in the area! Close to shopping centers/plazas, supermarkets, stores, gyms, restaurants, parks, & much more! Easy access to all major highways! Minutes away from Philadelphia's International Airport, Fairmount Park, Drexel Univ., Univ. of the Sciences, Univ. of Pennsylvania, Saint Joseph’s Univ., Center City, Philadelphia Zoo, Children’s Please Touch Museum, & many more! PRICED VERY COMPETITIVELY TO SELL!! Get an offer in quickly before it's gone!!!

Details

MLS#PAPH2312610
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2008
Days On Site190
Listing Provided ByCentury 21 Advantage Gold-South Philadelphia | Phong D Lam

Features

SQ Feet2,433
ZoningCMX2
Acreage0.07
Property ViewYes

Market Activity 19131

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Listings Checked: 5 minutes ago
StatePA
CountyPhiladelphia
CityPhiladelphia
Zip Code19131
Area19131
Community NameCarroll Park
School DistrictThe School District Of Philadelp
Elementary SchoolEdward Heston
Middle SchoolEdward Heston School
High SchoolOverbrook
Listing VS Median (in Carroll Park)
Price:
$499,900
low | high
Med:
$145,000
100% of Average
SqFt:
2,433
low | high
Med:
1,130
100% of Average
$ / SqFt:
$205
low | high
Med:
$128
87.547686528456% of Average
On Site:
190
low | high
Med:
39.000000
100% of Average
Sourced by Back At You
Listing Updated: July 19, 2024 at 12:08:23 PM PDT